Losing a job is hard, not just on your bank account, but on self-esteem as well. It's important to be prepared in case the worst happens, so you can bounce back as quickly as possible.

If you've just been given notice, here are some of the first things you should do.

1. Apply for EI

A record number of Albertans — 58,000 as of September — are receiving employment insurance benefits, which, among other reasons, has led to a backlog. To make sure your claim gets through, apply immediately after receiving notice.

2. Get your record of employment

For your claim to be accepted, you'll need to make sure your employer has submitted your record of employment (ROE). Your boss is required by law to submit it within five days of paying you for the last time.

You'll need an ROE from every employer you've worked for in the last year. While you can submit your claim without an ROE, it can't be processed until that paperwork is submitted.

If you have student loans, you can apply for repayment assistance. The federal government will either reduce or freeze your payments depending on your financial situation. That's one less bill to worry about.

6. Revise your budget

It might seem obvious, but it's worth taking a close look at your spending habits. There are some great apps like Mint or YNAB that can help you identify areas to cut back.

7. Get back out there

Much like a bad break-up, the worst thing you can do after getting laid off is to hide away in your house, feeling sorry for yourself. Dust off your best interview outfit, and put yourself back on the job market.

Handing out resumes is fine, but try to think of more creative ways to promote yourself. Networking events, Twitter meet-ups or even free lectures are all great opportunities to mingle with like-minded people.